{
  "docId": "019de077-4afb-71c3-9c30-47bdfd22c0dd",
  "docSlug": "33891c625660bf65301187bedd1a6954",
  "documentTitle": "Starboard Value | Activist Presentation Deck | 71 slides",
  "authorId": "starboard-value",
  "authorName": "Starboard Value",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2024-10-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.7777778,
  "pageNumber": 31,
  "pageCount": 71,
  "prevPage": 30,
  "nextPage": 32,
  "slideType": "peer_benchmark",
  "function": "compare_peers",
  "density": "sparse",
  "nDataPoints": 9,
  "notes": "The chart highlights Kenvue's underperformance relative to the peer median.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de077-4afb-71c3-9c30-47bdfd22c0dd/31",
  "deckHref": "/decks/019de077-4afb-71c3-9c30-47bdfd22c0dd",
  "deckJsonHref": "/decks/019de077-4afb-71c3-9c30-47bdfd22c0dd.json",
  "deckAnchorHref": "/decks/019de077-4afb-71c3-9c30-47bdfd22c0dd#slide-31",
  "components": [
    {
      "bbox": {
        "h": 0.6,
        "w": 0.9,
        "x": 0.05,
        "y": 0.2
      },
      "kind": "chart",
      "text": "Total Shareholder Returns Since Kenvue IPO",
      "attrs": null,
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "960c1de3-2710-4b24-a1f2-de7231ba8e63",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.06,
        "w": 0.9,
        "x": 0.05,
        "y": 0.92
      },
      "kind": "disclaimer",
      "text": "Source: Bloomberg. (1) Represents TSR from May 4, 2023 to October 18, 2024. Excludes the gain realized from the IPO price to the close on the first trading day.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9ebadeb0-0005-49b4-b8db-4d79ed0c059a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.36,
        "x": 0.32,
        "y": 0.086
      },
      "kind": "legend",
      "text": "Legend: Diversified HPC Peers (Dark Blue) | Skin Health and Beauty Peers (Light Blue)",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e4dc6a19-fb93-48d7-b80c-81274619349d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.9,
        "x": 0.05,
        "y": 0.05
      },
      "kind": "title",
      "text": "Kenvue’s Share Price Performance Since Its Spin Has Been Frustrating",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c8e3bc3d-9b3a-4d9c-a178-e06519297ee0",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "comparison_frame",
      "slug": null,
      "matchId": "24a6aeb2-2cc5-4e61-88f4-227a6454b5ad",
      "evidence": "Comparing Kenvue's performance against a peer group to highlight underperformance.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [],
  "loops": [
    {
      "to": 32,
      "from": 13,
      "name": "Tale Two Worlds",
      "slug": "04-tale-two-worlds",
      "bestFor": "Competitive analysis, benchmarking, case for change",
      "matchId": "cff54bc4-d43d-4709-913f-aab69f20260d",
      "evidence": "The deck presents a tale of two worlds, highlighting the differences between Kenvue's current situation and its potential for growth and improvement.",
      "position": 0,
      "objective": "Contrast Kenvue's current situation with its potential",
      "structure": "Current State -> Desired State / Benchmark -> The Gap & Implication",
      "confidence": 0.7,
      "description": "Show the gap between two states to drive urgency or highlight opportunity"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}